CUMMING, Ga., April 26, 2004 (PRIMEZONE) -- PlanetLink Communications Inc., (OTCBB:PLKC), a provider of satellite-based products and services, announced today that it is focusing initial sales efforts of its PlanetTRAKS GPS tracking products on mid-to-large scale commercial enterprises. The Company remains committed to launching the product on a retail basis for individual users upon the execution of potentially large-scale commercial contracts.
"Our ultimate goal is to enhance shareholder value. We believe this can best be achieved by taking advantage of stronger than expected interest from medium and large-sized businesses that are considering adopting PlanetTRAKS as their GPS fleet tracking solution," stated PlanetLink Communications CEO, Mr. Dewey Bain. "As a dynamic company, we have to be open to making adjustments to our strategy that benefit our shareholders and help us reach our growth goals faster. A tremendous opportunity remains in the retail market for PlanetTRAKS, however, we don't want to turn away from potential contracts that can lead to sales of thousands of units to one customer. We are committed to using our Company's financial resources for maximum benefit."
PlanetLink has been in talks with several domestic US corporations that are evaluating implementing PlanetTRAKS GPS products, which offer a more attractive cost-benefit factor than competing products. The Company recently announced that it has strong interest in PlanetTRAKS from two of Mexico's largest industrial enterprises. PlanetLink is currently customizing its software applications to the country and language-specific needs of those potential clients.
The Company is developing a family of GPS-enabled Mobile Locator Units (MLUs) under the PlanetTRAKS name, designed to communicate real-time location data and other information over the General Packet Radio System (GPRS) to a secure Internet server. Customers may access information via a password-protected web site, or any other Internet-enabled device, in order to track vehicles and other assets.
About PlanetLinks Communications Inc.
PlanetLink Communications Inc., headquartered in Cumming, Ga., has three primary business segments based on satellite-enabled technology. Providing the consumer both products and services, PlanetLink businesses include: DISH Network (satellite television), StarBand (High-Speed Internet Access) and Global Positioning System (GPS) personal tracking devices. PlanetLink's goal is to become a single-source dealer/distributor of technologically advanced, satellite- based products and services. With a strong and growing product offering and brand name, PlanetLink is building this unique category into a class all its own.
For more information please contact:
Laurel Moody, Sky Investor Relations, 212-440-5000, laurel@skyir.com
Safe Harbor Statement
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis" or "Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request.
For more information on PlanetLink, please visit the company's Web site at: http://www.plcweb.net